FDI: Germany bats for open, well-regulated market

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New Delhi, Dec 9: Against the backdrop of a heated debate on allowing FDI in retail, Germany on Thursday said an open, well-regulated market with healthy competition was good for the citizens of the country.

"Let me just say something personal from the point of view of a representative that has always believed that an open well regulated market with a healthy competition is the best for the citizens of the country," Germany's acting Ambassador Cord Meier-Klodt told reporters here.

He was replying to a question on government's decision to suspend move to allow 51 percent FDI in multi-brand retail.

"We are confident that the Indian government together with all the necessary partners, be it in the political framework or beyond in the society, will come up with a solution in the end," Meier-Klodt said.

PTI

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